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20121202
20121210
Search Results 0 to 4 of about 5 (some duplicates have been removed)
we paid with bill clinton and cuts as well as human service cuts, that's how you ought to do it. any compromise is going to be for the cliff. i'm for the cliff. >> newt gingrich, now governor dean there. do you feel the same way? is that the best way for the president to go over the cliff? is it plausible deniability for boehner to say we stayed firm, we played "hardball"? >> james baker was on tv talking about it isn't for the right or left, republicans or democrats but what's best for the country. it's not best for the country to go over the cliff. it's not a cliff, it's a slow rolling hill. it's not really a cliff on january 1st. some things go into effect right away. others more spread out. they are problematic. if we go over, you are looking at a move in the markets. dow jones could fall 1,000 point ifs we go over the cliff. it's not good for the country. >> i find it ironic for the republican to be arguing for not reducing the deficit as much and the democrats talking about reducing the deficit. not only will the market go down but we'll have a recession. the market will go cra
very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot take a rate increase to his caucus unless it is accompanied by some signal of real entitlement cuts. something that they do now and give a down payment on for the future. i don't think you get -- could get rates through unless the president gave a little bit. and if you look at the document from the grand bargain back in july of 2011, the president was willing to give on that. so we'll have to see if they can get back to that. but again, has to be one significant item that they know they'll be able to build upon in the future. an item from both sides. >> neither side's going to be thrilled. but they've got to compromise. >> that's the way life usually works, doesn't it? >> certainly does. thank you. >>> meanwhile, huge announcement today on capitol hill. the conservative senator jim demint of sou
-- a return. it is similar to what the former clinton chief of staff -- separate from that commission, he testified before the super committee last year and put forward his own proposal to try to break the impasse at that time. republicans say their current offer is not in that proposal, so it is not the simpsons-bowles plan that has gotten a lot of talk over the last few years, but it is modeled on a proposal from a leading democrat during these discussions, so they are hoping it will give some credibility going forward. the $800 billion they are offering is not the same as what john boehner offered in 2007. -- is the same as what john boehner offered in 2007. they will not accept any deal that keeps tax rates the same as well. >> thank you. >> thank you. >> you can read his proposal online by going to c-span.org and clicking to the lake. oklahoma congressman tom cole discusses the fiscal cliff negotiations and agrees with suggestions they should join president obama to extend the tax rates for the highest income earners the law professor john buckley looks at the history of the tax, plu
Search Results 0 to 4 of about 5 (some duplicates have been removed)